How-to guide

How Design is Valued: A Hybrid Analysis

How Design is Valued: A Hybrid Analysis

The perception of modern and contemporary design objects as mere functional interior objects have changed as the collector demand skyrocketed. Since early 1990s, mainly with the rise of the mid-century design trend, the secondary art market started to recognize design as a valuable category. Meanwhile, two main design focused auction houses were […]

Andy Warhol, 20 Pink Mao's. Synthetic polymer and silkscreen ink on canvas, 99.7 x 96.8 cm, 1979. Price est.: £4,000,000 - 6,000,000 Sold for: £4,741,000 at Phillips.

How to Value Art: A Simple Explanation

Art market is an economical model with more variants than just supply and demand. In this hybrid prediction market, numerous different cultural parameters, people and institutions determine an artwork’s price. Like money, art has a very small intrinsic value. Human stipulation and declaration create and sustain its commercial value. Understanding how […]

Marc Newson, Lockheed Lounge, c. 1990, sold for £2,434,500 in April 2015 at Phillips. Photo courtesy of Phillips.

Top Design Auction Houses in the World

Phillips (established 1792) New York, London, Geneva, Hong Kong Key Personnel: Edward Dolman (Chairman and CEO), Jean-Paul Engelen (Worldwide Head of Contemporary Art), Vanessa Hallett (Senior Director and Worldwide Head of Photographs), Nazgol Jagan (Worldwide Director of Jewels) Notable Design Lots: Marc Newson, Lockheed Lounge, c. 1990, £2,434,500 – April 2015 Isamu Noguchi, The Goodyear […]

Woman looking at giant glowing white screen

A 10-step guide to Art Insurance

So you have bought your first piece of art or you have a growing collection. First question that should come to your mind is: Art insurance. With the right insurance policy, you can protect yourself from a long list of hazards. At Mearto we focus on creating solutions for art collectors and […]